Description
Newport Square
Newport Square is a charming office building just blocks from downtown Salt Lake City with potential for re-development. Iconic location on 600 East, just off South Temple by the Governor's mansion. Non-historic with an oversized .30-acre lot and RO zoning, allowing for multifamily, residential, and office use. Originally configured as large one-bedroom apartments before the current owner converted to 7 private offices in 1982. Potential for investors to increase income through market rents and renting the office and six private garages that the owner has used for himself. Conversion back to apartments could provide higher income. However, there is a unique potential to pursue a new build or expand the existing building, given its non-historic status and small footprint on the oversized lot. Whatever your vision, Newport Square presents an increasingly scarce opportunity for end-users, investors, and developers alike. Shown by appointment outside of office hours.
